Top 10 Best Stock Trading Technical Analysis Software 2023

In-depth testing shows the best stock software for trading and technical analysis are TradingView, Stock Rover, Trade Ideas, and TrendSpider, each providing unique benefits, features, and price points.

With 23 years of experience as a certified stock market analyst, I’ve rigorously tested over 100 stock trading products, allowing me to craft the web’s most comprehensive review of stock trading software. Get ready to dive in!

 

Best Trading Software Review Summary

Our review testing identified the best stock trading software as TradingView for global trading and community, Trade Ideas for AI-powered bot trading, and TrendSpider for pattern recognition and backtesting. Stock Rover is ideal for investors, and Benzinga Pro is for real-time news traders.

Experience shows traders need software with excellent chart technical analysis, real-time news, and technical market scanning. Investors need stock software for financial screening, in-depth stock research, robust portfolio tracking, and portfolio management. The right stock software for you is based on your needs.

1. TradingView Our testing reveals that the best stock software overall is TradingView, with excellent backtesting, technical analysis charts, stock screening, a highly rated stock app, and a free global plan. TradingView benefits from an active trading community of 13 million people sharing ideas and strategies. Visit TradingView

2. Stock Rover Stock Rover is the best software for US value, dividend, and growth investors, providing powerful screening, an industry-leading 10-year financial database, and real-time stock research reports. Stock Rover’s free service is very good, but Stock Rover Premium + provides unparalleled benefits for growth investing. Visit Stock Rover

3. Trade Ideas Trade Ideas uses AI to backtest millions of conditions daily to generate higher probability day trading signals. Trade Ideas is the best Automated trading software; using the Brokerage Plus program, you can automatically trade the Holly AI algorithm signals with Interactive Brokers. Visit Trade Ideas

4. TrendSpider TrendSpider enables automated pattern recognition for Trendlines, Candlesticks, and Fibonacci levels.TrendSpider is best for all traders seeking cutting-edge AI software that automates technical chart analysis, trendline & pattern recognition. TrendSpider covers Stocks, ETFs, Fx & Crypto Markets. Visit TrendSpider

5. Benzinga Pro If you want to trade news events in real-time, our analysis shows the Benzinga Pro stock program gives the reactive trader an edge in the market. The fastest and most cost-effective real-time news event trading service on the market. Visit Benzinga

6. MetaStock R/T For traders seeking robust stock trading software for backtesting, forecasting, and global real-time news, our testing shows MetaStock is the market leader. MetaStock has many add-on systems for trading momentum, candlesticks, and more. Visit MetaStock

We independently research and recommend the best products. We also work with partners to negotiate discounts for you and may earn a small fee through our links.

Best Stock Software Reviews

1. TradingView: Winner Overall Best Stock Software

TradingView is an easy-to-use, powerful platform that supports all international stock markets. TradingView is designed for traders who value a great price, powerful chart analysis, backtesting, and a large social community.

TradingView Rating	4.8/5.0
⚡ Features	Charts, Trading, News, Watchlists, Screening
🏆 Unique Features	10 Million User Community, Backtesting
🎯 Best for	Stock, Fx & Crypto Traders
🆓 Free Version	TradingView Free
🎮 Premium Trial	Free 30-Day
✂ Premium Discount	-25% Discount Available
💰 Price	$0-$59/mo
🌎 Markets Covered	Global

TradingView Ratings

Charts & Screening: ★★★★★
News & Community: ★★★★★
Backtesting: ★★★★★
Broker Integration: ★★★★★
Ease of Use: ★★★★★

Pros

✓ Great Technical Analysis Charts
✓ Social First, Chat, Publish, Follow
✓ Good Backtesting & Screening
✓ Easy to use
✓ Crypto, Forex, Stocks Globally

Cons

✘ No Real-time News
✘ Watchlist Customization

There is no doubt that TradingView is a worthy winner and holds its place as number one overall. I love TradingView and use it daily; I post charts, ideas, analysis, and chat with other traders. I also do strategy development and backtesting on TradingView.

TradingView Pricing & Software

TradingView is available for free, but there are limitations with charts, screening, and indicators. The PRO+ service is $19 monthly and has extensive benefits, including multiple devices, screens, charts, and post-market data.

The benefits of TradingView are fast data speeds and global stock exchange coverage. TradingView covers Stocks, ETFs, Funds, Futures, Forex, Bonds, and cryptocurrencies globally, making it a good choice for international investors.

Our testing shows that TradingView’s pricing model and global stock exchange coverage make it the best free technical analysis software in India, the USA, and internationally.

TradingView Software Download for PC & Mac

TradingView is an HTML 5 application that runs in the cloud, meaning you do not need to download any software for the PC or Mac. When you launch TradingView, the HTML 5 code automatically downloads to your PC browser and simply works.

TradingView is the best online stock chart program because it has the speed and power of a desktop app but runs in the cloud, improving setup and data management.

TradingView has an App for Android and Apple devices; over 150,000 users rate it 4.8/5.0; this makes it the best stock analysis mobile app available today.

Trading with TradingView

With TradingView in the USA, you get broker integration with TradeStation for stocks and Forex.com for foreign exchange currency trading. In Europe, you have integration FXCM and Saxo Group for currency and CFD trading. You can place trades directly from charts, which will take care of profit & loss reporting and analysis. The only thing TradingView does not cover is Stock Options trading.

TradingView Scanning & Screening

TradingView has over 250 criteria for scanning and screening stocks, Forex, and Cryptocurrencies. There are 48 different fundamental criteria and 96 technical variables available. TradingView also includes 48 economic indicators available through the Federal Reserve Database (FRED), including the Federal Funds Rates and World Economic Growth.

TradingView Community & Platform

TradingView has over 13 million active users sharing ideas, charts, and chats. There are thousands of groups discussing financial markets. The TradingView community is an excellent way to generate ideas and learn from other traders.

TradingView has integrated newsfeeds, including Reuters, MTNewswires, Benzinga, and DailyFX. The newsfeeds are not real-time but do add value. I would recommend trying the trading platform to see it in action.

TradingView is the King of Social Trading with the biggest and most active trading community.

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Chart, Scan, Trade & Join Me On TradingView for Free

Join me and 13 million traders on TradingView for free. TradingView is a great place to meet other investors, share ideas, chart, screen, and chat.

Join Me On TradingView

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TradingView Technical Analysis

TradingView has over 160 stock chart indicators and unique charts such as LineBreak Charts, Kagi Charts, Heikin Ashi, Point & Figure Charts, and Renko Charts. As an advanced technical trader, you will be well served.

With the Premium membership, you also get Level II insight, fully integrated. As a tool for technical stock analysis, TradingView is an industry leader.

As a technical analyst, I am incredibly impressed with the offering of Kagi, Heikin Ashi, and Renko Charts, including Point & Figure and Line Break. Also, the user community has developed thousands of bespoke indicators and strategies. This chart selection gives you everything you will need as an advanced trader.

Backtesting & Automated Trading

TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service. Also, there are many indicators and systems from the community for free.

I have implemented my MOSES (Market Outperforming Stock ETF Strategy) into TradingView. TradingView enables you to create any system or strategy using Pine script easily. Below, you can see three MOSES Strategies compared with the equity curve. This MOSES system beat the NASDAQ 100 by 100% over the past 24 years.

TradingView Backtesting Reporting.

TradingView’s backtesting report includes everything you need to evaluate a strategy’s performance, including net profit, drawdown, buy and hold return, and strategy risk profile.

I like that you have results in a few clicks [Strategy Tester -> Add Strategy]. You can also tweak the strategy parameters and observe the results. Reporting is good, and the tabs show the strategy’s profit performance.

TradingView has a market replay functionality that lets you play through the timeline and shows you the chart scrolling and the trades executed; it is simple and powerful. All buy and sell orders are drawn on the chart and highlighted. TradingView is a great package, especially as the free version includes backtesting.

The only thing you cannot do is forecast and implement Robotic Trading Automation. For stock market forecasting, you are better off with MetaStock. For Robotic Trading Automation, Trade Ideas is the best.

TradingView Usability

TradingView is the best stock trading software for beginners because it is easy to use but powerful enough to grow with you as you gain experience. The community of over 10 million people will help you learn and gain knowledge. TradingView takes about 2 minutes to set up; no credit card, no installation, and no configuring data feeds; it is ready to go because TradingView works with a single click.

Video: Why TradingView is the Best Stock Software

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2. Stock Rover: Best Stock Analysis Software for Investors

Stock Rover is ideal for USA value, dividend, and growth investors seeking innovative fundamental stock analysis, screening, and portfolio management software. Stock Rover enables the easy implementation of powerful investing strategies.

Stock Rover Rating	4.7/5.0
⚡ Features	Charts, Powerful Screening, Research, Broker Integration
🏆 Unique Features	10-Year Historical Financial Data, Full Portfolio Mgt, Correlation, Rebalancing & Value Investing Benefits
🎯 Best for	Growth, Dividend & Value Investors
🆓 Free Version	Stock Rover Free
🎮 Premium Trial	Free 14-Day
✂ Premium Discount	25% During Trial Period
💰 Price	$0-$27/mo
🌎 Markets Covered	USA

Stock Rover Ratings

Charts & Screening: ★★★★★
News & Community: ★★★★★
Backtesting: ★★★★★
Broker Integration: ★★★★★
Ease of Use: ★★★★★

Pros

✓ 10-Year Financial Data
✓ Best Screening Criteria
✓ Stock Scoring & Ratings
✓ Value, Dividend & Growth Screeners
✓ Easy to use

Cons

✘ No Social Community
✘ No Real-time Charts

It is awe-inspiring that Stock Rover has stormed into the review winners section on its first try. It is also the outright winner in our Best Stock Screener Review. I actively use Stock Rover daily to find the undiscovered gems that form the foundations of my long-term investments. I created the Liberated Stock Trader Beat the Market Stock System using Stock Rover.

I do not say this lightly. If you are a long-term US Investor, Stock Rover is the best & only software you ever need.

Stock Rover Pricing

Stock Rover is available for free, but the real power is unleashed with the Premium Plus service, which is superior to competing stock screeners and less expensive. Stock Rover Premium Plus costs $27.99 per month and includes unlimited stock ratings, scores, analyst ratings, margin of safety scoring, a 10-year historical database, and investor warnings.

Stock Rover has the best implementation of stock screening, research and portfolio management on the market today.

Stock Rover Portfolio Management

Stock Rover integrates with every major broker, including our review-winning broker, Firstrade, and Interactive Brokers. You cannot place trades from charts, but it will cover profit and loss reporting on your portfolio and provide portfolio rebalancing recommendations. Stock Rover uniquely includes current dividend earnings and future income prediction reporting, making it a unique portfolio analysis platform.

Fundamental Stock & ETF Screening

Stock Rover is best at screening for stocks to build professional growth, dividend, and value stock portfolios. Stock Rover provides detailed research reports, historical screening, portfolio management reporting, rebalancing, and correlation.

If you manage your portfolio of stocks with multiple brokers, Stock Rover will also integrate them into one view. Stock Rover is not for day traders but for long-term investors who want to maximize their portfolio income and take advantage of compounding and margin of safety to manage a safe and secure portfolio.

Stock Rover scores perfectly in our screener testing, offering the most detailed stock and ETF financial data. Stock Rover has over 600 data points and historical data stretching back ten years, enabling you to backtest fundamental strategies. Stock Rover also has unique Margin of Safety, Fair Value, and Discounted Cash Flow data to help you invest like Warren Buffett. Add the exclusive stock scoring systems, and Stock Rover is the best stock screener for the North American markets.

Watchlists have fundamentals broken into Analyst Estimates, Valuation, Dividends, Margin, Profitability, Overall Score, and Stock Rover Ratings.  You can even set the watchlist and filters to refresh every single minute if you wish.

Powerful Pre-Built Screeners Integrated into Stock Rover

Stock Rover has over 150 pre-built and tested screeners you can import and use. You need to have the Premium Plus service to take advantage of this. I have analyzed most of the screeners, and they are very thoughtfully built. One of my favorites is the Buffettology screener.

Stock Rover Warren Buffett Screener & Ratings.

This value stock screener is based on criteria described in the bestselling Buffettology book. The company should have a 10-year track record of generally increasing EPS with no negative earnings years; long-term debt, not more than five times annual earnings; average ROE over the past ten years of at least 15%; average ROIC over the last ten years at least 12%, and earnings yield should be higher than the long term treasury yield. The Buffettology screener includes the Fair Value and Margin of Safety analysis and rankings, and it could be said it is worth the investment in Stock Rover by itself.

Read more about setting up your Warren Buffett stock screener with Stock Rover.

Stock Rover Research & Stock Ratings

The team at Stock Rover has implemented some great functionality; I particularly like the roll-up view for all the scores and ratings. I have imported the Warren Buffett portfolio, including his top 25 holdings. I have also selected the “Stock Rover Ratings” tab. This “Stock Rover Ratings” tab rolls up all analysis into a simple-to-view ranking system, saving a vast amount of time and effort while providing a wealth of insight.

Stock Rover News Service

Stock Rover pulls information from over 30 news sources, including Yahoo Finance and Benzinga News. The news feeds are not real-time, but they are useful. If real-time news is a priority, you can subscribe to Benzinga PRO News separately. Regarding social chat and community, Stock Rover has no perceivable service.

Stock Charting & Technical Analysis

Looking at stock charts, Stock Rover differs from all the other software vendors on the market. Whereas MetaStock & TradingView focus on hundreds of technical analysis price/volume indicators, Stock Rover focuses on charting the fundamental financial strength indicators. Stock Rover has added 15 technical indicators, and the head of business development at Stock Rover assures me they are adding many more indicators soon.

With over 154 different financial and 15 technical analysis indicators, Stock Rover is not the best service for technical analysis or frequent trading. Still, it is the complete package for fundamental income, growth, and value investors. Although this section is for technical analysis, they are so good with charting fundamentals that they still get a good rating.

Stock Rover Backtesting

Again, we must think of Stock Rover differently from other stock analysis packages. Stock Rover provides ten years of backdated financial information and scanning possibilities, better than all other stock screening packages. It is possible to backtest with Stock Rover; I have built the LST Beat the Market Growth Stocks Strategy exclusively for Stock Rover and used the software to backtest the system for the past eight years.

Stock Rover Summary

Stock Rover wins our stock market software review by providing the best software for value and income investors. A 10-year financials & fundamentals historical library plus incredible scanners, including Warren Buffett & Ben Graham’s favorite criteria. Fair Value, Margin of Safety, and so much more.

Stock Rover provides investors with financial growth, valuation, efficiency, and profitability ratings to help them select the right stocks; this makes it the best stock-picking software available today. If you are a long-term investor, this is the software for you.

Why Stock Rover is Best for Investors: Review & Test Video

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3. Trade Ideas: Winner Best AI Stock Prediction Software

Trade Ideas is best for active day traders wanting AI-driven trading signals. Trade Ideas provides actual buy & sell signals for trades by performing millions of backtests daily on 70+ strategies. The Holly AI platform has an audited track record of beating the market.

Trade Ideas Rating	4.6/5.0
⚡ Features	Charts, Scanning, Broker Integration, Trading Room
🏆 Unique Features	AI Trade Signals, Auto-trading, Proven Profitable Track Record
🎯 Best for	US Day Traders
🆓 Free Version	✘
🎮 Premium Trial	Try the Trading Room for Free
✂ Premium Discount	-15% to -40% Discount Link: Use Code “LIBERATED”
💰 Price	$118-$228/mo
🌎 Markets Covered	USA

Trade Ideas Ratings

Charts & Screening: ★★★★★
News & Community: ★★★★★
Backtesting: ★★★★★
Brokers & Trading: ★★★★★
AI & Signals:★★★★★
Ease of Use: ★★★★★

Pros

✓ 3 AI Trading Algorithms
✓ Market-Beating Audited Performance
✓ Exceptional Stock Scanning
✓ Real-time Trade Signals
✓ Auto-trading With AI Signals
✓ Free Live Trading Room Access

Cons

✘ User Interface
✘ Takes Time To Learn
✘ Choice of Indicators

According to our testing, Trade Ideas is the industry-leading artificial intelligence-powered stock market scanning and trading signals generation platform. Despite a complicated user interface, the real power lies underneath with 30 channels of trading ideas & three AI systems pinpointing trading signals for day traders. Trade Ideas promises and delivers the nirvana of market-beating returns.

Trade Ideas is unique because the software tells you when to buy and sell stocks by analyzing millions of trade setups daily. The analysis results in 3 to 5 high probability trades every day.

Trade Ideas Pricing

Trade Ideas Standard costs $118 per month, or you can save $348 by going for an annual subscription costing $1068, a 25% discount. It includes a live trading room, streaming trade ideas, ten chart windows, trading from charts, and 500 price alerts.

• Live Trading Room.
• Real-time Streaming Trade Ideas provides access to 40 pre-configured scans.
• Simultaneous Charts, the ability to have ten chart windows open.
• Chart-Based Visual Trade Assistant enables you to trade directly from charts.
• Up to 500 Price Alerts to notify you when a stock meets your criteria.
• Channel Bar Curated Workspaces provide access to 30+ channels of ideas.

Trade Ideas Premium costs significantly more than Standard service at $228 monthly. You can save $468 by going for an annual subscription costing $2268. Premium provides the three Holly AI systems, specific real-time trade signals, risk assessment, full backtesting, and integrated auto-trading.

Trade Ideas Premium features include:

• AI Virtual Trading Analyst Holly, three different constantly evolving AI algorithms
• Chart-based AI Trade Assistance for Buy and Sell Signals
• Risk Assessment: Detailed information on the backtested performance of the recommended trade.
• Build and Backtest any Trade Idea with an intuitive point-and-click backtesting system.
• Autotrade Brokerage Plus and AI,  an advanced auto trading program using Interactive Brokers.

Trade Ideas is the most expensive software in this review because it offers the possibility of beating the market using AI pattern recognition and establishing a trading bot to auto-trade on your behalf.

Trade Ideas, unlike any other software, does all the work for you providing you specific market beating AI trading Signals, to help you make regular profits.

The Trade Ideas Platform

Extensive testing reveals that Trade Ideas is an incredibly powerful stock trading desktop app that seamlessly integrates cloud-based AI algorithmic stock signals to provide high-probability day trading opportunities.

When you first open Trade Ideas on your desktop, the software feels clunky and not user-friendly. Every chart and table is in a separate window, so if you want to resize the view, you must resize all eight windows. This seems such a hassle initially and seems to hark back to the age of Windows 98.

There is a good reason for this design; you have endless flexibility and window configuration options if you operate multiple monitors and large screens. Even though they are fully separate windows, they can be linked and unlinked to provide a more fluid experience with some practice.

So, although it is clunky and some of the most important functions are hidden behind right-click menus in certain windows, you start to get used to the design after a few hours.

Stock Scanning & Screening

The Trade Ideas scanner system is at the heart of the trading platform, which is unique in the industry. By clicking New -> Alerts, you can access the Alert Config Window, which gives you immediate access to over 40 trading scans. You can see all the in-built scans categorized into Bullish, Bearish, or Neutral in the screenshot below. You can select a potential strategy for the day depending on the overall market direction.

A particularly impressive and innovative scan was discovered during testing: the “Unusual Social Mentions Scan.” The Trade Ideas AI engine constantly scans StockTwits for surges in mentions of particular stocks. If you click load settings, you will be immediately presented with a real-time list of stocks spiking on social media.

Is Trade Ideas AI Profitable?

Trade Ideas’ impressive performance averaged 23% to 33% profit per year for the last three years without using leveraged trades. According to my calculations, Trade Ideas Holly Neo outperformed the S&P 500 index benchmark by 16%.

To test this performance, I compared $50,000 invested in the S&P 500 SPY ETF versus day trading with Trade Ideas’ three AI Bots.

AI Performance	End Capital Oct 2021	Period Profit	Profit Per Year
Holly Grail (AI)	$71,186.00	42%	23%
Holly 2.0	$80,510.00	61%	33%
Holly Neo	$71,186.00	42%	23%
S&P 500	$66,000.00	32%	17%

As you can see, Holly has outperformed the S&P 500 since 2019. Interestingly, Holly did not suffer the huge losses incurred in the S&P 500 during the Corona Crash from March to April 2020.

• Get a Free Holly AI Trade of the Week Direct to your Inbox

Technical Analysis

The one area in which Trade Ideas is behind the competition is performing your in-depth technical analysis. Most technical analysis software, backtesting, and charting platforms offer at least 50 technical analysis tools. With Trade Ideas, you can use only four stock chart indicators: volume, moving averages, VWAP, and trendlines.

The charting is limited because Trade Ideas does all the work for you in the backend engine. Trade Ideas is not the best choice for performing your own independent, detailed technical analysis.

Automated AI Stock Trading

The Trade Ideas platform has a powerful backtesting system that is easy to use, and you do not need any programming knowledge. A point-and-click backtesting system is rare in this industry; the only alternative software with this capability is TrendSpider.

The most amazing thing of all is that you can let Holly AI to auto-trade for you through Interactive Brokers.

Is Trade Ideas Easy to Use?

No, Trade Ideas is not easy to use; it takes time to learn. I estimate at least four days of effort before you understand the platform. However, Trade Ideas helps new clients by providing excellent support, a live trading room, and personal one-on-one training sessions.

If you aspire to be an active, profitable day trader, this package is well worth it, as all the hard work is done for you every day. I am thrilled to partner with Trade Ideas because they bring a unique and extremely powerful service to retail stock traders.

Trade Ideas Discount Coupon Code

As a partner of Trade Ideas, I requested a discount for all our readers. Use the discount code “Liberated” to get 15% off your first purchase, worth $340 when going for the premium service.

40% Trade Ideas Discount Code “Liberated”

Read the Trade Ideas Review

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4. Benzinga Pro: Best Stock Program for Trading Breaking News

Benzinga Pro is a unique stock program for trading real-time stock news. Benzinga Pro is designed for day traders and delivers real-time market-moving news to give you a trading edge. A news squawk box, direct access to the news desk, and real-time charting and scanning complete the service.

Benzinga Pro Rating	4.5/5.0
⚡ Features	Real-time News, Calendar, Charts, Screening
🏆 Unique Features	Stock & Options Squawk Box, News Sentiment, News Rating, Options Alerts
🎯 Best for	US Stock, Fx, Commodity & Bond Traders
🆓 Free Version	✓
🎮 Premium Trial	14 Day Free
✂ Premium Discount	-25% Code “SMARTER”
💰 Price	$79-$117/mo
🌎 Markets Covered	North America

Benzinga Pro Ratings

Charts & Screening: ★★★★★
News & Community: ★★★★★
Backtesting: ★★★★★
Brokers & Auto Trade: ★★★★★
Ease of Use: ★★★★★

Pros

✓ Best Real-time Stock Market News
✓ Squawk Box Live Feed
✓ Real-time Alerts & Signals
✓ Good Charts & Screening

Cons

✘ North America Only
✘ No Broker Integration

Benzinga Pro Pricing & Software

Benzinga PRO costs $79 monthly for the Basic Plan, which gives you real-time newsfeeds and watchlist alerts. Benzinga Pro Essential costs $117 monthly, adding the Squawk Box, Calendars, Sentiment Indicators, and the Chat with Newsdesk functionality.

The app is stable and elegant, allowing you to set up multiple workspaces and monitors to suit your needs. Benzinga is also constantly adding new functionality, and it is a platform that should grow with your needs.

Benzinga Pro Scanning & Screening

Benzinga Pro is the best for scanning and screening the news, but it can also screen for technical and fundamental data. Benzinga Pro has 32 fundamental screening criteria, including P/E, PEG, Profitability, Margins, and Insider Ownership. There are also 23 market scanning criteria, including volume change, relative volume, and short interest.

Benzinga Signals: Scanning for Block Trades, Options Activity & More

Another example of how Benzinga is continually innovating is Signals. Signals is a feed with block trade or price spike news that directly impacts a stock’s supply and demand balance at a foundational level.

Let’s take a look at a block trade. A block trade is a huge, market-moving amount of stock, either bought or sold. Block trades impact price, and you can take part in that price move or not, depending on the direction of the trade.

Signals could be a trading strategy in itself. Watch the block trades roll in, observe the direction, and make your trade. See a colossal block trade sell, buy Put Options, see a block trade buy, buy calls.

Benzinga Pro News & Community

Real-Time Trading News – BZWire Access

Core to the Benzinga Pro service is access to the real-time newsfeed, which updates quickly and effectively. The only news excluded in the basic package is the Securities & Exchange Commission (SEC) announcements and Public Relations (PR) newsfeeds.

Please do not underestimate the newsfeed; it is truly enormous. But despite the depth of financial content being released every minute, the Benzinga Pro web-based applications are high-speed, responsive, and configurable. The configurable nature of the newsfeed is what makes the service so great.

I personally only want to see Market Moving Exclusives, Exclusives, Hot News, Market Updates & Tech, and they are readily selectable. There are 20 categories to choose from, and each type of news can be color-coded to match your requirements, including exclusives, Hot News, Market Moving News, Mergers & Acquisitions, and Options Signals. For the full test of Benzinga, see the Benzinga Pro Review.

Newsfeed Alerts – Alarms On Specific Sectors Or Categories

You can also choose to be alerted to specific categories in your newsfeed. For example, you can select to be alerted via email or a desktop pop-up and sound if any hot news or market-moving news is announced. Any category can be flagged for alerts, so you do not need to watch the newsfeed continually; you can be trading and hear the alarm as a call to action.

Benzinga Pro Squawk Box & Newsdesk

Benzinga’s Squawk Box frees you from staring at the on-screen newsfeed by having the newsroom reporters read the latest high-impact news live as it hits the feed. Squawk is one of the biggest benefits of the Benzinga Pro Essentials service.

I have Squawk Box open while watching the markets, so I do not need to watch the screen constantly. Every 2 minutes, a real-time audio feed announces the latest big news via my PC speakers; this service alone is worth the upgrade to Benzinga PRO Essential.

Imagine chatting directly with the analyst or reporter who submitted an article. This feature allows you to do just that by directly questioning the Benzinga news desk to dive deep into your specific questions straight from the news hub. The news team also highlights what they believe to be important news via the sentiment indicators (only for Benzinga Pro Essential users).

Benzinga Pro Community

Benzinga Pro has an active user community, with eight live chat channels and a Benzinga TV channel featuring Benzinga studio’s live broadcasts. Additionally, a special live chat stream for Benzinga’s Options Signals service enables clients to pounce on Options pricing opportunities.

Benzinga Pro Technical Analysis

Benzinga Pro has dramatically improved its technical analysis charting over the past few years by integrating a cut-down version of TradingView (our review winner). The TradingView integration offers 120 indicators, real-time stock charts, and seven chart types, including bars, candles, Heiken Ashi, Line, Area, and Baseline charts. You can now draw on charts and perform solid technical analysis.

Sentiment Indicators & Snapshots

Sentiment indicators are an excellent feature that allows you to see the sentiment of the analyst who submits the news item; you see this in the color of the ticker symbol; red is bearish, and green is bullish; this is unique and a great asset.

The Security Snapshot View is unique to Benzinga, essentially a summary of all the critical news, fundamentals, and charts. It is designed to give you a clean, quick view of the whole picture for a given stock. This includes all the core financial documents like balance sheets and important income statement information.

Backtesting & Automated Trading

The main functionality missing from Benzinga Pro is the ability to perform any backtesting or automated trading. This trading software is not for algorithmic or system traders; it is designed to deliver tailored market-moving news quickly.

Benzinga Pro is extremely powerful yet easy to use, which is often a delicate balance to strike, and to top it all off, they have also added real-time price quotes to the service, so you can see when news breaks what the impact is on the stock price.

Is Benzinga Pro Worth It?

Yes, Benzinga Pro is worth it for day traders and investors who want an actionable real-time news service, sentiment indicators, market scanning, and financial reporting to get a profitable edge in the market.

After using Benzinga Pro for five years, I can say the exclusive features like the audio squawk box, chat with newsdesk, and the powerful calendar suite make Benzinga Pro worth it.

Get -25% Off Benzinga Code “SMARTER”

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5. TrendSpider: Best Automated Stock Chart Analysis Software

TrendSpider is best for all traders seeking cutting-edge AI software that automates technical chart analysis, trendline & pattern recognition. TrendSpider has robust system backtesting and automated Fibonacci & Candlestick recognition covering Stocks, ETFs, Fx, and Crypto Markets.

TrendSpider Rating	4.4/5.0
⚡ Features	Charts, Watchlists, Multi-timeframe Analysis, Backtesting
🏆 Unique Features	Automated Trendlines, Fibonacci, and Candlestick Pattern Recognition
🎯 Best for	US Stock, Forex & Crypto Traders
🆓 Free Version	No
🎮 Premium Trial	Free 7-Day
✂ Premium Discount	-40% Use Coupon Code “LIB40”
💰 Price	$27-$69/mo
🌎 Markets Covered	USA

TrendSpider Ratings

Charts & Screening: ★★★★★
Pattern Recognition:★★★★★
News & Community: ★★★★★
Backtesting: ★★★★★
Auto-trading: ★★★★★
Ease of Use: ★★★★★

Pros

✓ Automated Trendline & Fibonacci Detection
✓ Automatic Multi-Timeframe Analysis
✓ Code Free Backtesting
✓ Real-time Data Included
✓ Stocks, ETFs, Fx, Crypto, Futures

Cons

✘ No Social
✘ No Auto Trading

The TrendSpider team is innovating at breakneck speed, and the features they are innovating are unique to the industry, with trendline automation, pattern recognition, and multi-timeframe analysis.

TrendSpider Pricing & Software

TrendSpider pricing starts at $44/mo for the Premium plan, Elite costs $87/mo, and Advanced costs $131/mo. Opting for a yearly subscription will reduce those costs by 16%, representing a significant saving.

All TrendSpider plans come with real-time data included, which can save you $12 per month. The Premium plan has multi-time-frame analysis and trendline pattern recognition for stocks, ETFs, currencies, and OTC markets, plus 25 alerts.

The Elite Trader Plan includes after-hours and pre-market data, OTC, Crypto, Forex, and Futures, plus 100 dynamic alerts and full backtesting. You can apply the auto trendlines and multi-time-frame analysis on many different markets.

The platform is built on HTML 5 and needs Zero installation and Zero data feed configuration. The system runs on all platforms, from smartphones to PCs.

Automated Technical Analysis

TrendSpider is a leading stock charting software packed with innovative technical analysis tools. If you are a serious market analyst, then TrendSpider will help you do the job quicker, with better quality, and help you not to miss an opportunity.

Automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trend lines and flag the most important ones with the highest backtested probability of success.

The automated trendline & candlestick detection and recognition do a better job than any human

TrendSpider’s multi-time-frame analysis means viewing multiple timeframe charts on a single chart with the trendlines plotted automatically. Another great feature is the advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.

6 Innovations Unique To TrendSpider:

1. Automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trend lines and flag the most important ones with the highest backtested probability of success.
2. Automated multi-time-frame analysis means viewing multiple timeframe charts on a single chart with the trendlines plotted automatically.
3. Advanced plotting of support and resistance lines into a chart heatmap.
4. Automated Fibonacci detection and mapping unique to TrendSpider
5. Integrated backtesting of automated trendlines, showing win rate, profitability, and drawdown.
6. Raindrop Charts are a unique and intuitive way to visualize volume profile or volume at price action.

TrendSpider has three big benefits:

1. It saves traders and professional analysts a lot of time and can provide an edge in the market.
2. It uses mathematics & AI to help traders spot trends they would have missed.
3. It helps beginners to learn how to draw trend lines.

TrendSpider Scanning

The latest innovation from the TrendSpider team is the market scanner, which enables you to scan a specific stock and the entire market for trades matching your technical criteria. Combining AI trend detection and analysis with scanning the whole stock market is a unique advantage.

TrendSpider takes a different approach to backtesting. The platform is built from the ground up to automatically detect trendlines and Fibonacci patterns, meaning it already has backtesting built into the code. The highest probability trendlines are automatically flagged, and you can adjust the sensitivity of the detection algorithm to show more or fewer lines.

TrendSpider Backtesting

TrendSpider has also implemented a strategy tester that allows you to type what you want to test freely, and it will do the coding for you. It is a smooth and straightforward implementation.

I like the ability to adjust your backtest conditions on the fly, and the “Price Behaviour Explorer” and “System Performance Chart” automatically update.   You can jump into coding if you want to, but the key here is that you do not HAVE to.

Integrated backtesting of automated trendlines, showing win rate, profitability, and drawdown, is a new addition and warmly welcome; the team has propelled TrendSpider into one of the leading technical analysis packages in the industry.

• Read our comparison of TradingView vs. TrendSpider

Is TrendSpider Easy to Use?

TrendSpider’s analysis innovations mean you will need a little time to understand what they tell you. For example, seeing hourly, daily, and weekly trendlines plotted on the same chart might be confusing initially. Still, after applying a little effort, you might find you cannot live without them—an excellent score on usability.

Is TrendSpider Worth It?

Yes, TrendSpider is worth buying if you are a stock trader who wants to utilize cutting-edge automation for technical stock chart analysis. The automated pattern recognition of trendlines, Fibonacci, candlesticks, and backtesting make it a compelling proposition.

Get 40% Off TrendSpider with Code “LIB40”

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6. MetaStock: Best Stock Program for Backtesting & Forecasting

MetaStock is best for stock traders who need real-time news, access to a huge stock systems marketplace, and the best technical stock chart analysis, backtesting, and forecasting. All international exchanges are covered & backed up with excellent customer service.

MetaStock Rating	4.4/5.0
⚡ Features	Charts, Watchlists, Scanning, Backtesting
🏆 Unique Features	Forecasting, Real-time Global Trading News (Multi-language)
🎯 Best for	Stock, Fx & Commodity Traders
🆓 Free Version	No
🎮 Premium Trial	30-Day Free Trial
✂ Premium Discount	3 Months for 1
💰 Price	$59-$250/mo
🌎 Markets Covered	Global

MetaStock Ratings

Charts & Screening: ★★★★★
Pattern Recognition: ★★★★★
News & Community: ★★★★★
Backtesting: ★★★★★
Brokers/Trading: ★★★★★
Ease of Use: ★★★★★

Pros

✓ Best Stock Backtesting
✓ Largest Selection of Charts & Indicators
✓ Real-time Global News
✓ Stock Forecasting
✓ All International Stock Exchanges

Cons

✘ PC Only/No Mobile App
✘ No Broker Integration
✘ Poor Interface

The latest release of Metastock is a big hit with improvements across the board. Considerable advances in scanning, backtesting, and forecasting make this one of the best offerings on the market.

MetaStock Pricing & Software

MetaStock pricing starts at $59/mo for MetaStock D/C daily charts, providing end-of-day data and full chart analysis services. MetaStock R/T costs $100/mo and adds real-time data, news, and powerful global fundamental screening.

For traders performing chart analysis and backtesting on end-of-day data, MetaStock D/C is a good option. Demanding traders will opt for MetaStock R/T because it is the most powerful trading solution outside a Bloomberg terminal, costing ten times the price.

MetaStock R/T includes the Xenith platform in the price, which means you get real-time data, news, and fundamentals powered by Refinitiv for $100/mo. Refinitiv is the gold standard of international financial data worth $29 billion and a London Stock Exchange subsidiary.

MetaStock is designed as a broker-agnostic technical analysis platform. It does provide limited broker integration, but the execution of trades from charts and live integrated profit and loss analysis of your live portfolio is limited.

MetaStock Scanning & Screening

Using MetaStock R/T, you can see an incredibly in-depth analysis of company fundamentals from debt structure to top ten investors, including level II. Excellent watchlists featuring company financials and powerful scanning of the markets make MetaStock unique.

MetaStock Real-time News

MetaStock R/T Refinitiv integration means you get institutional quality real-time news, analysis, research, and economic outlooks. Refinitiv is the fastest global news service available in the industry. For international investors, MetaStock is unique because the news is also translated into all major languages.

MetaStock Technical Chart Analysis

MetaStock has over 350 stock tools for charting, annotation, and drawing trendlines and indicators, the broadest selection of technical analysis tools on the market today. MetaStock is the clear leader in pure technical analysis of stock charts; it includes Point & Figure and Market Profile Charts, meaning it has the best stock trading charts.

Innovative additions to MetaStock, like Foreign Exchange forecasting based on market sentiment, are exceptional. This makes MetaStock our recommendation for the best technical chart analysis software.

MetaStock Systems & Backtesting

Another area where MetaStock excels is what they call “Expert Advisors.” MetaStock harnesses many inbuilt systems to help you understand and profit from technical analysis patterns and well-researched systems. This is a unique differentiator from the competition. The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.

MetaStock has over 100 computerized stock market systems called Expert Advisors. These programs scan stock charts for a system’s targeted conditions. The Expert Advisor systems, either in-built or as 3rd part add-ons, will help you understand and profit from technical analysis patterns in price and volume. This is a unique differentiator from the competition.

You can even use artificial intelligence-like functionality to test a set of variables within your backtesting. For example, you can use the “Fuzzy Logic” program to test your stock system against many different variations of your criteria to see which variables work best for this stock. Fuzzy logic is an incredibly powerful feature that is often overlooked with MetaStock.

The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.

MetaStock Forecaster Capability

The most significant MetaStock innovation is the forecasting functionality, which does not exist with any other software. By selecting Forecaster from the power console, you can choose one or more stocks, ETFs, or Forex pairs and click forecast. You are then presented with an interactive report that enables you to scan through the many predictive recognizers, which help you understand the basis for the prediction and the methodology.

3 Months for the Price of 1 on MetaStock

 

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7. Tickeron: Best Selection of AI Bots & Signals for Traders

Tickeron has impressive AI-powered chart pattern recognition and prediction algorithms for stocks, ETFs, Forex, and Cryptocurrencies. Tickeron excels at providing thematic model portfolios, specific pattern-based trading signals, and success probability and AI confidence levels.

Tickeron Rating	4.4/5.0
⚡ Features	Portfolios, Watchlists, Screening
🏆 Unique Features	AI Trade Signals, AI Portfolios & AI Pattern Recognition
🎯 Best for	Traders & Investors Using AI Trading
🆓 Free Version	Yes
🎮 Premium Trial	14-Day Free Trial
✂ Premium Discount	50% Off All Annual Plans
💰 Price	$0-$250/mo
🌎 Markets Covered	USA

Tickeron Ratings

Charts & Screening: ★★★★★
AI-Powered Bots: ★★★★★
News & Community: ★★★★★
Backtesting: ★★★★★
Brokers/Trading: ★★★★★
Ease of Use: ★★★★★

Pros

✓ 45 Streams of Trade Ideas
✓ 40 Chart Patterns Recognized
✓ AI Trend Prediction Algorithms
✓ Audited Performance Track Records
✓ Build AI Portfolios

Cons

✘ Custom Charting Limited
✘ Cannot Plot Indicators

Tickeron’s trading platform is unique and innovative, combining artificial intelligence and human intelligence based on the community of traders, so you can compare what the humans think versus the machines.

Tickeron targets day traders, swing traders, and investors with intricate features and benefits specific to your investing style.

Tickeron is a wholly-owned subsidiary of SAS Global, a leader in data analytics whose services are used by the majority of Fortune 500 companies. Tickeron uses AI rules to generate trading ideas based on pattern recognition. Firstly, they use a database of technical analysis patterns to search the stock market for stocks that match those price patterns using their pattern search engine. Of course, each detected pattern has a backtested track record of success, and this pattern’s success is factored into the prediction using their Trend Prediction Engine.

To understand the platform, we must first consider the pricing structure and what you get for your money.

Tickeron Pricing

Tickeron offers a free Beginner plan that enables portfolio creation, alerting, and AI investment ideas. The Premium Tickeron plans are overly complex, with services aimed at swing traders, day traders, and investors. All plans have this in common: Intermediate One costs $50-100/mo, Intermediate Two costs $120-200/mo, and Expert costs $250/mo for access to all features.

Pattern Recognition

At the heart of Tickeron is the ability of its AI algorithms to spot 40 different stock chart patterns in real-time. You can select which pattern you want to trade, and it will filter stocks, Forex, or cryptocurrencies that currently show the pattern. Patterns are split into bullish patterns for long trades or bearish patterns for those who wish to go short.

Tickeron’s real-time pattern recognition is particularly useful for swing or day traders, where market timing is the top priority. Tickeron can also scan the entire market and suggest which patterns work best on a particular day. In the screenshot above, you can see “Today’s Top Ranked Patterns,” which rates the potential success of the patterns based on the market’s current trading activity.

Ultimately, pattern recognition saves pattern traders a lot of work hunting for potential trade setups because it does all the work for them.

Trading Signals & Prediction

Tickeron has implemented a powerful feature called AI Confidence Level. Based on the history of the stock, the success rate of a particular pattern, and the market’s current direction, Tickeron can assign a confidence level to a trade prediction.

The screenshot below shows that the Tickeron AI predicts that ABUS has an 88% chance of declining in value and ACET has an 81% chance of increasing in value.

The outstanding feature of the Tickeron prediction engine is that you can click “Show previous predictions” to check if the AI has done a good job in the past with a particular pattern on specific stocks. The prediction engine provides the right level of clarity and granularity so you can make informed trading decisions.

Tickeron Screening

Screening with Tickeron is rather limited compared to the competition. Tickeron can find your stocks based on industry, sector, market capitalization, or technical buy-and-sell ratings. But if you want to perform specific screening for value, dividend, or growth stocks, Tickeron is of little use.

Tickeron is designed to find high-probability trading opportunities, not for long-term investors wishing to build a sustainable portfolio. If you are a long-term investor, I recommend Stock Rover.

Tickeron AI vs. Human Intelligence

A unique feature of Tickeron is the ability to compare the AI prediction engine forecast versus what the community predicts. The image above shows that 58% of the community believes Bank of America will increase in price. This is a fascinating insight, and I look forward to Tickeron publishing research on the accuracy of human prediction versus artificial intelligence algorithms.

Is Tickeron Worth The Money?

Tickeron is worth buying if you are a short-term trader because it provides high probability AI-backtested trade signals. I recommend a trading account value of over $25K for active pattern day trading.

Get 50% Off Tickeron

 

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8. TC2000: Best Stock Trading from Charts Software USA

TC2000 is best for US and Canadian traders seeking rapid entire market scanning and screening, with excellent charts & indicators. TC2000 has an integrated brokerage, meaning you can trade stocks and options directly from charts.

TC2000 Rating	4.3/5.0
⚡ Features	Charts, Custom Indicators, Real-time Screening
🏆 Unique Features	TC2000 Brokerage, EasyScan, Options Strategies
🎯 Best for	Stock & Options Traders
🆓 Free Version	Yes
🎮 Premium Trial	Free 30-Day
✂ Premium Discount	-25% for Bi-Annual Subscription
💰 Price	$0-$89/mo
🌎 Markets Covered	USA

TC2000 Ratings

Charts & Screening: ★★★★★
News & Community: ★★★★★
Backtesting: ★★★★★
Broker Trading: ★★★★★
Ease of Use: ★★★★★

Pros

✓ Fantastic Charts & Indicators Selection
✓ Good Technical & Fundamental Stock Scanning
✓ Trade Directly From Charts
✓ Real-time Exchange Data
✓ Very Good Margin Rates

Cons

✘ No Social Community
✘ No Backtesting
✘ No News

TC2000 has long been one of my favorite tools; I have been a subscriber for over 20 years and find the latest release another step forward. The platform offers nearly everything a trader will need and is endlessly customizable and scalable.

TC2000 Pricing & Software

TC2000 is a slick and powerful technical analysis platform, enabling entire US market scanning and screening for fundamentals and technical analysis. You can use the huge library of available indicators and create custom indicators and conditions without coding.

TC2000 runs on your iPhone, Tablet, Mac, or PC. The service is available for free so that you can try it out. The real power of TC2000 is unleashed with the gold service, which costs $29.99/m or $24.99/m with an annual contract. TC2000 is a great solution for trading US stocks, ETFs, or Options.

TC2000 Trade Management

The TC2000 Brokerage offers stock trades at $1 per trade, which means TC2000 has a tight integration for trading stocks from the chart and has good stock options trading visualization. TC2000 is one of the best Stock Options analysis software programs, allowing you to scan and build options strategies seamlessly. You can scan on gamma, delta, expiration, options spread, and even short interest.

TC2000 Scanning, Screening & Charting

If you want fundamentals screened in real-time layered with technical screens integrated into live watch lists connected to your charts, TC2000 is a power player. TC2000 Easyscan can be set up with a few clicks, and you do not need coding experience.

TC2000 has an excellent array of technical indicators and drawing tools; all the big ones are there, from OBV, RSI, and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork. With over 70 different indicators, you will have plenty to play with. They have also introduced live alerts that you can configure to email or pop up if an indicator or trend line is breached; very useful indeed.

If you want to perform powerful backtesting, TC2000 is not for you. You may be able to utilize the add-on product called StockFinder if you are a platinum member and you specifically call support to ask for it. However, StockFinder is no longer in active development, which is a shame because I think it was a very good backtesting suite.

TC2000 News & Social Community

While TC2000 does not have a perceivable real-time news element, it does have integrated news with connections to Google Finance, CNN, Yahoo Finance, MSN Money, Marketwatch, and StockTwits.  If you want social community and integrated news, you must roll back to TC2000 v12.5.

Is TC2000 Easy to Use?

Yes, TC2000 is incredibly easy to use, which masks the power of the software. You will be up and running quickly and feel productive in minutes. TC2000 also has a support desk in the USA and is one of the few vendors you can call by phone and speak with a real person.

Get TC2000 for Free

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9. Portfolio 123: Good Screening & Backtesting for Investors

My testing of Portfolio123 shows impressive stock screening, software with a robust financial database, and integrated commission-free trading with Tradier. Portfolio123 can be used by income, value, and growth investors but is also advantageous for swing traders.

Portfolio 123 Rating	4.3/5.0
⚡ Features	Screening, Research, Powerful Backtesting
🏆 Unique Features	Free $0 Integrated Trading, 10-Year Financial Database
🎯 Best for	Stock & Options Traders
🆓 Free Version	No
🎮 Premium Trial	21 Days for $9
✂ Premium Discount	None
💰 Price	$0-$83/mo
🌎 Markets Covered	USA/Canada

Portfolio 123 Ratings

Charts & Screening: ★★★★★
News & Community: ★★★★★
Backtesting: ★★★★★
Brokers & Trading: ★★★★★
Ease of Use: ★★★★★

Pros

✓ 470+ Screening Metrics
✓ 10-Year Backtesting Engine
✓ Pre-built Model Screeners
✓ 260 Financial Ratios
✓ Integrated Free Trading

Cons

✘ No Integrated News
✘ No App for Android or iPhone

Portfolio123 covers stocks, fixed income, and ETFs on US & Canadian exchanges, so it is unsuitable for international stock investors. With Portfolio123, you can design a real-time trading strategy, fully automated with a broker, that will hold the stocks that pass your screen and sell those that don’t.

Portfolio123 Pricing

Portfolio123 pricing starts at $0 for the free plan; the screener costs $25/mo, and pro costs $83/mo. You can have Portfolio123 for free; however, the real power of Portfolio123 is unleashed with the Screener and Pro service. Their Screener and Pro service pricing is in line with the competition and competitive considering the benefits.

Portfolio123 Software

Portfolio123 runs on PCs, Macs, Tablets, and Smartphones and requires zero installation; it simply works. The market data, scoring, ranking, and analysis are only for the USA & Canadian markets. When you register with Portfolio123 and log in, you are greeted with the dashboard, which gives you an instant market performance breakdown but, more importantly, shows you your portfolio performance.

Portfolio Management

With Portfolio123, you get tight broker integration with Tradier and Interactive Brokers. You cannot place trades from charts, but you can automate trading based on rules or issue bulk trades; plus, Portfolio123 will take care of profit & loss reporting.

Portfolio123 Portfolio Features	Portfolio123
Watchlist Tracking	✓
Research	✓
Profit & Loss Reporting	✓
Performance Reporting	✓
Portfolio Rebalancing	✓
Portfolio Asset Allocation	✓
Broker Integration	✓
Future Dividend Reporting	X

Screening

The Portfolio123 screener allows you to filter 10,000+ stocks and 44,000 ETFs to help you find the investments or trades that match your exact criteria. Portfolio123 also has ranked screening, which enables you to rank the stocks that best match your criteria, filtering a list from hundreds of stocks to a handful. You can also define your custom universes, setting the macro criteria for which stocks are included in the sample.

Most ideas based on fundamentals will be covered with over 225 data points. Portfolio123 has 460 criteria, including analyst revisions, estimates, and technical data.

You can also use Portfolio123 to screen stocks on their performance relative to the S&P500 or any other benchmark. You could develop a strategy to select stocks based on their historical performance versus the market.

The number of factors available for screening is impressive. Not only can you screen based on reliable information from a company’s financial reports, but you can access technical factors, create your factors using period and announcement dates, eliminate stocks with high bid-ask spreads, limit your screen to stocks in a certain industry, or sector, rank factors against other stocks in an industry or sector, and change your factor balance depending on economic conditions.

Building your Portfolio123 screener is theoretically easy; select Research -> Screens, and you can start to play. No programming skills are required to build a Portfolio123 screener, but basic coding will certainly help. You must study the coding logic and understand the proprietary criteria names to create more powerful screening rules.

Portfolio123 Backtesting

Portfolio123’s backtesting engine is where the software shines. Expertly implemented, fast, and extremely configurable, Portfolio123 has the best backtesting service for people serious about testing fundamental strategies.

Portfolio123 enables you to be very granular in setting up your backtest with entry rules, slippage, weighing, rebalance frequency, and custom timeframes.

The Portfolio123 screener is built to make users test not just pre-built concepts but all sorts of hypotheses. You can use your universe rank with your multi-factor rank and run backtests or rolling backtests.

The Portfolio123 screener relies on great data, and they have worked hard to overcome the pitfalls of financial data, such as N/A numbers in sparse preliminary reports. The pre-built factors handle N/A’s efficiently and use alternate algorithms to produce the best possible result. Great data isn’t an overnight project; they’ve been working on data since 2004.

The image below shows the LiberatedStockTrader screener I developed in the previous section. I backtested the screener for two years to see how it performed historically. My screener beat the market in this particular timeframe, returning 70.5% versus the S&P500’s 52%.

Pre-Built Screeners

Portfolio123 has over 76 pre-built screeners that you can import and use. You need the Screener subscription plan service to take advantage of this. I have personally reviewed many of them, and they are very thoughtfully built. One of my favorites is the “Small Cap Winners” screener.

The Small-Cap Winner strategy had a 5-year return of 189% versus the Russell 2000 return of 58%, very impressive.

The Small-Cap Winner strategy “attempts to balance growth, value, quality, and sentiment factors, using ones that have worked well for small-cap stocks. It has high turnover as it relies greatly on the most recent quarterly earnings announcements and, via sentiment ranking, analyst estimates and recommendations”.

Stock Charting & Technical Analysis

Looking at stock charts with Portfolio123 differs from all the other software vendors on the market. Whereas MetaStock & TradingView focuses on hundreds of technical analysis (price/volume) indicators, Portfolio123 focuses on charting the fundamental financial strength indicators.

With over 160 different financial indicators and only two technical analysis indicators, Portfolio123 is not the best technical analysis or frequent trading charting service. Still, it is the complete package for fundamental income, growth, and value investors. There are no possibilities to draw trendlines or annotate charts in Portfolio123.

Is Portfolio 123 Worth It?

Portfolio123 is an excellent screening and backtesting platform for swing traders and medium-term growth investors. An incredible selection of fundamental criteria, a 20-year financial database, plus the most powerful financial backtesting engine make Portfolio123 a great choice for experienced stock system developers.

Get 21 Days of  Portfolio123 for $9

 

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10. VectorVest: Scanning & Market Timing Stock Trading Software

VectorVest helps simplify market timing by providing buy and sell ratings on US, Australian, and European stocks. But beware, some customers complain about data integrity.

VectorVest Rating	3.6/5.0
⚡ Features	Charts, Watchlists, Screening
🏆 Unique Features	Market Timing Gauge, Auto-trading
🎯 Best for	Beginner Investors
🆓 Free Version	No
🎮 Premium Trial	1st Month $0.99
✂ Premium Discount	None
💰 Price	$69-$129/mo
🌎 Markets Covered	USA

Vectorvest Ratings

Charts & Screening: ★★★★★
AI & Pattern Recognition: ★★★★★
News & Community: ★★★★★
Backtesting: ★★★★★
Brokers/Autotrading: ★★★★★
Ease of Use: ★★★★★

Pros

✓ Simple to Follow System
✓ Specific Buy & Sell Signals
✓ Market Timing Signals
✓ US, Canada, Australia, & Euro Stocks

Cons

✘ Limited Chart Indicators
✘ Expensive, Especially With Add-ons
✘ Complaints About Data Integrity

VectorVest has three tiers of service. Basic $69/m, Enhanced $89/m, and Premium $129/m. The basic service is missing many of the benefits of VectorVest. I would recommend the enhanced service, good for investors, or the Premium for those who want to swing or day trade.

Regarding pricing, Vectorvest is neither expensive nor cheap; it sits in the middle. It does not compete with TradingView, MetaStock, or TrendSpider, which offer incredible value for money.

Trade Management and Screening

VectorVest software is straightforward to use because it is designed to promote the Value, Safety, and Timing system. This means they have a minimal variety of stock market indicators; they provide only what is needed to trade within their VST system parameters.

VectorVest evaluates every stock on the exchanges they cover to provide propriety ratings.

• RV Relative Value shows the estimated return versus a AAA Corporate Bond.
• RS Relative Safety measures the consistency of a company’s financials.
• RT Relative Timing is a technical indicator that attempts to define the short-term trend of a stock.
• VST Value-Safety Timing indicator aggregates RV, RS, and RT into one number.

VectorVest News & Social

VectorVest does not have specific features to enable social chat or community within the software. However, they provide a weekly market update to subscribers; these are available on YouTube. Some customers complain about the cost of the training courses available through VectorVest and the constant focus of VectorVest trying to sell the courses and add-on products.

Vectorvest Technical Analysis

VectorVest has 20 technical indicators and drawing tools, including trendlines, Gann, Fibonacci, moving averages, momentum, RSI, and Stochastics. VectorVest’s chart analysis selection is very poor compared to other stock analysis software.

If you are an experienced technical analyst who wants to perform detailed charting analysis, you may need to look at MetaStock with 300+ indicators or TradingView with 160+ indicators.

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Stock Market Software Quick Summary

The best stock software and app for traders is TradingView, with excellent chart analysis, backtesting, and screening. Stock Rover is the best stock analysis and research software for investors. For AI stock prediction and charting, Trade Ideas and TrendSpider excel. Finally, Benzinga Pro and MetaStock provide excellent real-time trading news platforms.

Best Stock Trading Platforms Ranking

1. TradingView: Best for Global Stock Crypto & Forex Trading from Charts
2. Trade Ideas: Best AI Stock Market-Beating Trading Signals USA
3. Benzinga Pro: Best for Trading Real-time Breaking News
4. TC2000: Best for Trading Stocks & Options From Charts USA
5. Tickeron: Best for Broad Selection of AI Robots
6. Stock Rover: Best for Stock Research, Screening & Portfolio Mgt

Best Stock Investing Software Ranking

1. Stock Rover: Winner Best Stock Screener & Fundamental Analysis Software
2. TradingView: Best for Screening & Analysis of Stocks, ETFs, Fx & Cryptocurrency
3. MetaStock: Best for Institutional Grade Financial Analysis & Screening
4. TC2000: Best for Real-time Market Technical & Fundamental Scanning USA

Best Technical Chart Analysis Software Ranking

1. MetaStock: Best Selection of Charts & Indicators
2. TradingView: Powerful Stock Charts & Indicators
3. TrendSpider: Best for AI Automated Technical Analysis
4. TC2000: Good Charting & Scanning

Best Stock Market Prediction Software Ranking

1. Trade Ideas: Proven AI-Driven Trade Prediction Signals
2. MetaStock: Excellent Market Forecasting & Backtesting
3. TradingView: Powerful Pine Script Backtesting
4. Tickeron: 40 Chart Patterns & Predictions
5. TrendSpider: AI Chart Patterns & Backtesting

Best Stock Trading Platforms for Beginners

1. TradingView: Best Stock App & Community for Beginners
2. Stock Rover: Best for Beginner Investors
3. TC2000: Built-in Templates Get Beginners Up & Running
4. TrendSpider: Automated Charting Ensures a Good Experience

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Frequently Asked Questions